SHORT INTEREST IN VALLEY STOCKS

The table below lists the short interest in various Valley stocks.

In a short sale, an investor sells borrowed stock--in effect betting the price will drop--after which he can buy back the stock at a lower price and return the shares to the lender and pocket the difference. Of course, if the stock goes up in price, the short seller loses money.

Short interest is the number of shares that have been borrowed for short sales and not yet repurchased. Also listed is the average daily volume of stock traded in each company.

NEW YORK STOCK EXCHANGE

No. of shares of short interest Stock Industry as of 9/15 Foothill Group Financial services 233,200 Glenfed S&L; holding co. 113,600 Lockheed Aerospace 362,796 Walt Disney Entertainment 1,298,783 AMERICAN STOCK EXCHANGE ATI Medical Medical equipment 359,600 OVER-THE-COUNTER MARKET Amgen Biotechnology 136,955 Cherokee Group Apparel 31,200 Comptr Memories Holding co. 54,882 HOH Water Tech. Water Systems 45,875 Micom Systems Communications 149,819 Micropolis Disk drives 121,397 Traditional Inds. Photofinishing 326,191 United Education Career schools 51,935

Sources: New York, American stock exchanges; National Assn. of Securities Dealers

NEW YORK STOCK EXCHANGE

No. of shares Avg. daily of short interest trading stock as of 8/15 % Chg volume Foothill Group 231,200 +1 6,981 Glenfed 99,484 +14 34,963 Lockheed 414,502 -13 141,300 Walt Disney 1,224,014 +6 234,540 AMERICAN STOCK EXCHANGE ATI Medical 351,200 +2 7,186 OVER-THE-COUNTER MARKET Amgen 212,724 -36 91,302 Cherokee Group 2,332 +1,238 274,981 Comptr Memories 50,197 +9 24,303 HOH Water Tech. 10,980 +318 16,205 Micom Systems 5,864 +2,455 296,026 Micropolis 127,151 -5 121,591 Traditional Inds. 338,721 -4 11,637 United Education 27,634 +88 156,520

Sources: New York, American stock exchanges; National Assn. of Securities Dealers